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Date Submitted: 05/05/2011 01:08 AM
HANG SENG INDEX ETF (SEHK STOCK CODE: 2833)
HSI ETF is an exchange-traded fund and Units of the HSI ETF can be traded like listed shares on the Stock Exchange of Hong Kong Limited ("SEHK"). The investment objective of HSI ETF which is an index-tacking fund that seeks to offer investment returns for investors that match the performance of the Hang Seng Index as closely as practicable. The Fund Manager of HSI ETF is Hang Seng Investment Management Limited which mostly adopts the replication strategy to pursue this objective.
The Index is one of the earliest stock market indexes in Hong Kong. The Index including the largest and most liquid stocks listed in Hong Kong, concerning the H-Shares and Red Chips. The constituent stocks are grouped under Finance, Utilities, Properties and Commerce and Industry sub-indexes.
Here is the main information regarding the HSI ETF
Instrument Type | Exchange Traded Fund |
Tracked Index | Hang Seng Index |
Listing Date | 221 September 2004 |
Exchange listing in Hong Kong | The Stock Exchange of Hong Kong Limited – Main Board |
Stock Code | 2833 |
Trading Board Lot Size | 100 Units |
Trading Currency | Hong Kong dollars |
Dividend Payout | Semi-annually (if any) |
Market price per unit in proportion to the index | Approximately 1/100Assuming theat the index is at 18,000, each unit of the HSI ETF would be traded at around HKD 180 and the cost per board lot would be around HKD18, 000. |
Manager | Hang Seng Investment Management Limited |
Trustee | American International Assurance Company (Trustee) Limited |
Market Maker | Yes |
Physical Scrip | No |
Dividend
Hang Seng Index ETF would not guarantee for the distribution of dividends which is depends on the dividend distribution policy decided by the board of directors of HSIETF, but generally speaking, Hang Seng Index ETF pays dividends on a semi – annually as the regular basis to investors. Until today, no dividend distribution has ever stopped...